The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Differential Sweating

09/04/2019

It is not unreasonable to think of general recessions as hurricanes.  They can be strong or week.  Some are fast, and some are slow.  “Experts” usually predict their strength and path well in advance.

Likewise, you can think of a financial crisis or financial recession as a tornado.  Likewise, few are ever weak.  Few are ever slow, but they are always loud.  “Experts” seldom predict them in time to prepare.

A financial recession is just as different from a general recession as a hurricane is different from a tornado.

Don’t sweat a garden-variety general recession.

Sweat heavily during a financial recession.

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